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Are Managers Paid for Market Power?

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NBER2022-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w29918
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资源简介:
To answer the question whether managers are paid for market power, we propose a theory of executive compensation in an economy where firms have market power, and the market for man- agers is competitive. We identify two distinct channels that contribute to manager pay in the model: market power and
提供机构:
美国国家经济研究局
创建时间:
2022-04-01
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